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Topic: Real GDP

Related Topics

Gross value added

List of countries by GDP (nominal)

GDP deflator

Exchange rate

Production theory basics

Economic growth

List of countries by GDP (PPP)

Consumption function

Economics

Bureau of Economic Analysis

Means of production

Growth accounting

Individual capital

Tobin tax

Global financial system

	What Was the GDP Then? \| EH.Net
		Real GDP is the dollar value of production using a given base year prices.
		GDP per capita is calculated by dividing either nominal or real GDP for a given year by the population in that year.
		The nominal GDP per capita in 1870 was $195, while in 2006 was $44,070; the real GDP per capita for those same years was $2,509 and $37,807.
	www.eh.net /hmit/gdp (372 words)

	BEA: News Release: Gross Domestic Product
		The slight acceleration in real GDP growth in the third quarter primarily reflected accelerations in PCE and in exports that were partly offset by an upturn in imports, a larger decrease in residential fixed investment, and a deceleration in nonresidential structures.
		Real federal government consumption expenditures and gross investment increased 6.8 percent in the third quarter, compared with an increase of 6.0 percent in the second.
		Measures of real GDP and its major components are also presented in dollar-denominated form, designated "chained (2000) dollar estimates." For most series, these estimates, which are presented in table 3, are computed by multiplying the current-dollar value in 2000 by a corresponding quantity index number and then dividing by 100.
	www.bea.gov /newsreleases/national/gdp/gdpnewsrelease.htm (7606 words)

	What Was the GDP Then? \| EH.Net
		Real GDP is the dollar value of production using a given base year prices.
		GDP per capita is calculated by dividing either nominal or real GDP for a given year by the population in that year.
		The nominal GDP per capita in 1870 was $195, while in 2006 was $44,070; the real GDP per capita for those same years was $2,509 and $37,807.
	eh.net /hmit/gdp (372 words)

	NZIER - Definition of GDP, Gross Domestic Product (Site not responding. Last check: )
		Real GDP is in effect nominal GDP after adjustment for inflation.
		Changes in real GDP are often referred to as volume increases in GDP, and are a measure of economic growth.
		Real GDP per capita is often used as an indicator of how well off a country is, since it is a measure of average real income in that country.
	www.nzier.org.nz /SITE_Default/SITE_economics_explained/GDP.asp (848 words)

	EconEdLink \| EconomicsMinute \| A Case Study: Gross Domestic Product - June 28, 2007
		Real GDP per capita is the real GDP per person in the economy and is the best measure of well-being of all the other measures.
		The major contributors to the increase in real GDP were increases in consumption (4.2 annual percent increase) and state and local government spending (3.9 percent).
		The decrease in the growth rate of real GDP in the first quarter when compared to the fourth quarter was primarily caused by the decrease in exports, the increase in spending on imports, the fall in inventory investment, and a decrease in federal government spending.
	www.econedlink.org /lessons/index.cfm?lesson=EM225 (3148 words)

	SparkNotes: Measuring the Economy 1: Gross Domestic Product (GDP)
		GDP tries to capture all final goods and services as long as they are produced within the country, thereby assuring that the final monetary value of everything that is created in a country is represented in the GDP.
		The GDP deflator is the ratio of nominal GDP to real GDP for a given year minus 1.
		GDP per capita, the GDP divided by the size of the population, gives the amount of GDP that each individual gets, on average, and thereby provides an excellent measure of standard of living within an economy.
	www.sparknotes.com /economics/macro/measuring1/section1.html (2019 words)

	The NBER’s Recession Dating Procedure
		GDP reached a peak in the fourth quarter of 2000.
		According to revised data released in September 2003 (http://www.bea.doc.gov/bea/newsrel/gdp203p.htm), real GDP increased at an annual rate of 3.3 percent in the second quarter of 2003, and 1.4 percent in the first quarter.
		A: The NBER considers real GDP to be the single measure that comes closest to capturing what it means by "aggregate economic activity." The committee therefore places considerable weight on real GDP and other output measures.
	www.nber.org /cycles/recessions.html (2514 words)

	Real GDP % Change
		The behaviour of quarterly real GDP growth during 2000-01 mainly reflected the downward movement in the growth rate of the services sector from 8.6 per cent in the first quarter to 6.3 per cent in the fourth quarter.
		Real GDP growth from agriculture and allied activities at 0.6 per cent in the first quarter and at 0.5 per cent in the second quarter of 2000-01 reversed the absolute declines recorded in the second half of 1999-2000.
		Real GDP growth in industry improved to 6.1 per cent in the third quarter, after dipping to 5.4 per cent in the second quarter from 6.6 per cent in the first quarter of 2000-01.
	coweb.math.gatech.edu:8888 /tfe/586 (379 words)

	Long-Run Growth and Business Cycles (Site not responding. Last check: )
		GDP is the primary measure of the economy’s performance.
		Real values are always values in comparison, or relative, to other related economic variables; they show changes in purchasing power.
		The implicit GDP deflator for 1970 is $80/$320=0.25.
	www.eco.utexas.edu /graduate/Konstantinova/a5_GDP.htm (1250 words)

	Real GDP, Growth and Business Cycles (Site not responding. Last check: )
		By contrast, real GDP per worker crossed $50,000 a year in the early 1990s, and continues to rise.
		Annual rate of growth 3% means that economy’s real GDP will double in 70/3 =23 years; and growth rate of 2% means GDP will double in 70/2=35 years.
		By looking at the variables that compose GDP, and comparing the share of GDP they are accountable for, as well as their relative volatility, we can form an idea of which of them influences the changes in GDP the most.
	www.eco.utexas.edu /graduate/Konstantinova/a6_Growth.htm (2061 words)

	Jobs and Economic Growth
		Real GDP grew at a strong 3.9 percent in the third quarter of 2007.
		Real wages rose 1.2 percent over the 12 months that ended in September. This rise is faster than the average rate during the 1990s.
		The deficit today is at 1.2 percent of GDP, well below the 40-year average. Economic growth contributed to a 6.7 percent rise in tax receipts in FY 2007, following an increase of 11.8 percent in FY 2006.
	www.whitehouse.gov /infocus/economy (572 words)

	Real GDP \| Economic growth \| Economy \| Facts and figures \| ekonomifakta.se
		Consequently, GDP can be a misleading guide to prosperity.
		Real GDP is a volume measure which takes account of the effect of the differences in price trends on exports and imports.
		This means that real GDP is adjusted with reference to purchasing power gained or lost.
	www.ekonomifakta.se /en/Facts_and_figures/GDP/Economic_growth/Real_terms-of-trade_adjusted_GDP (172 words)

	Impact of currency depreciation on real GDP in South Korea. (Anthology). \| Government from AllBusiness.com
		The impact of currency depreciation on real GDP may be uncertain.
		As shown, an increase in the quantity of money is expected to raise real GDP because the coefficient is significant at the 1 percent level.
		The depreciation of won has not helped the Korean economy in terms of the increase in real GDP because the coefficient of EXC is negative and insignificant at the 10 percent level.
	www.allbusiness.com /government/214064-1.html (780 words)

	The Real Estate Economy
		Redfin is a 2.0 real estate "arms merchant" that opened to the public on the same day last February as that other Seattle start-up, Zillow.
		But since GDP surprised on the upside yesterday, and jobless claims surprised to the low today, I'm going to guess that the payroll report is going to have a number at the high end of the range: 175,000.
		It shows that even with lackluster GDP growth this year, employers are in for misery in a dozen major metros when it comes to hiring high-priced help.
	blogs.business2.com /realestate (1781 words)

	Centrists.Org: Faster Real GDP Growth, Lower Revenues, Higher Deficits and Interest Costs Ahead
		CBO now forecasts real GDP growth of 4.8 percent in 2004, up from the prior projection of 3.8 percent.
		If CBO is right that real economic growth will be almost 5 percent in 2004 and over 4 percent in 2005, then job growth would be almost certain to follow.
		Either way, revenues would begin to rise as a percent of GDP and the budgetary situation would be improved.
	www.centrists.org /pages/2004/01/26_lemieux_budget.html (1140 words)

	SSRN-An Evaluation of Real GDP Forecasts: 1996-2001 by Spencer Krane
		Increases in real U.S. gross domestic product (GDP) averaged an annual rate of 3.2 percent between the fourth quarters of 1992 and 1995 (the solid line in panel A of figure 1), a relatively slow pace of growth considering that the economy was emerging from the 1990-91 recession.
		Between 1996 and 1999, average real GDP forecasts were in the range of 2.1 percent to 2.3 percent, while the CPI forecasts were in the range of 2.2 percent to 3 percent.
		At the turn of the millennium, forecasts for real GDP growth were in the range of 3 percent to 3.5 percent.
	papers.ssrn.com /sol3/papers.cfm?abstract_id=378321 (1235 words)

	ECONOMICS 180 - PRINCIPLES OF MACROECONOMICS
		GDP is the market value of all final goods and services produced in a year within a country’s borders.
		GDP is a measure of the market value of a nation’s total output in a year.
		Real GDP is the value of final output produced in a given year adjusted for changing price levels.
	mil.ccc.cccd.edu /classes/economics180/module5.htm (1236 words)

	GDP - NAICS 53 (Site not responding. Last check: )
		GDP is gross in the sense that it does not deduct the depreciation of capital, and domestic as it measures production occurring within the political boundaries of Canada.
		Then, the value-added (GDP) of wheat, which is ground to produce flour by the miller to make a loaf of bread by the baker, is captured by the farmer.
		GDP in the Real Estate and Rental and Leasing (NAICS 53) sector increased from from $106.0 billion in 1997 to $137.5 billion in 2004.
	strategis.ic.gc.ca /canadian_industry_statistics/cis.nsf/IDE/cis53gdpe.html (1222 words)

	GDP COMPUTATION
		GDP can be measured either from the expenditure approach or the income approach.
		When comparing nominal GDP figures between different years, you cannot determine whether the increase is due to the increase in price level or increase in output.
		Real GDP is adjusted for price level, that is, GDP measured at the same price level.
	staffwww.fullcoll.edu /fchan/macro/2gdp_computation.htm (669 words)

	China's gross domestic product (GDP) growth
		GDP has risen from Rmb362.4 billion in 1978, at the start of the reform period, to Rmb13.7 trillion in 2004 (both figures at current prices).
		Manufacturing grew slightly faster than GDP over the period as a whole--though in recent years it has tended to grow more rapidly--so the share of the secondary sector rose relatively slowly, from 48% to 53%, though its share actually rose in 2002-2004 during the manufacturing boom.
		Especially after the publication of the 1998 GDP figures, economists, both in China and abroad, have raised serious doubts about the quality of China's national accounts, which appeared in the late 1990s to overstate economic growth and are now suspected of understating growth.
	www.chinability.com /GDP.htm (684 words)

	Gross Domestic Product, by Lincoln Anderson: The Concise Encyclopedia of Economics: Library of Economics and Liberty
		GDP measures the output of all labor and capital within the U.S. geographical boundary regardless of the residence of that labor or owner of capital.
		The government computes real GDP for, say, 1991 by valuing production in 1991 at the relative prices that existed in a "base year." The choice of the base year used to compute the real GDP index is important.
		As GDP and GDP components are computed for periods further away from the base year, the accuracy deteriorates.
	www.econlib.org /library/Enc/GrossDomesticProduct.html (1945 words)

	Im Wortlauft: Stellungnahme von EZB-Präsident Trichet
		According to Eurostat's flash estimate, on a quarter-on-quarter basis, real GDP grew by 0.9% in the euro area in the second quarter of 2006, significantly above the 0.6% growth rate recorded in the previous quarter.
		The projections foresee average annual real GDP growth in a range between 2.2% and 2.8% in 2006, and between 1.6% and 2.6% in 2007.
		In comparison with the June Eurosystem staff projections, the ranges projected for real GDP growth in 2006 and 2007 have been revised upwards, mainly reflecting the stronger growth recorded in the first half of this year, along with continued positive signals from a number of other indicators.
	www.handelsblatt.com /news/Politik/Konjunkturdaten/_pv/grid_id/1181462/_p/200053/_t/ft/_b/1129163/default.aspx/im-wortlauft-stellungnahme-von-ezb-praesident-trichet.html (733 words)

	The Joy of Economics
		Specifically, GDP is the value of all final goods and services produced within the country during a year.
		Although the actual methods of measuring GDP are quite complex and constantly are being tweaked by government statisticians, the basic process is straightforward.
		Differentiate between real and nominal GDP and be able to calculate either from data.
	faculty.winthrop.edu /stonebrakerr/book/equilibrium_gdp.htm (2034 words)

	[No title]
		GDP is a measure of total spending in three categories (consumer spending, business spending, and government purchases), and is adjusted for net exports.
		The annual real GDP growth rate is determined by measuring the quarterly growth rate, and assuming that rate continues for a full year.
		The rate of GDP growth is very important to the housing market, not only because it measures the strength of the economy, but also because the variance from what is considered to be the long-term achievable growth rate influences Federal Reserve policy, which directly affects mortgage rates.
	www.meyersgroup.com /analysisobjects/RealGDPGrowth.asp?ProductCategory=HA (683 words)

	Real GDP Definition
		In other words, real GDP is a nation's total output of goods and services, adjusted for price changes.
		Real GDP can be compared to nominal GDP, which is GDP in current dollars, i.e., the nation's output in actual dollars in a given year.
		In year 2, nominal GDP was $60; but real GDP was only $50, because in constant (year one) dollars, only $50 in widgets were produced.
	www.investorglossary.com /real-gdp.htm (247 words)

	Economics, 5th Ed.: Macroeconomic Measurements, Part II: GDP and Real GDP
		GDP equals national income minus income earned from the rest of the world, plus income earned by the rest of the world, plus indirect business taxes, plus capital consumption allowance, plus statistical discrepancy.
		An increase in the growth rate in the GDP deflator in the 15 quarters prior to the election.
		A decline in the number of quarters (out of the 15 prior to the election) in which real GDP grew at more than a 3.2 percent annual rate.
	www.swcollege.com /bef/arnold/arnold5e/macroeconomic_measurements_gdp/macroeconomic_measurements_gdp.html (951 words)

	South-Western EconData -- Real GDP
		GDP changes over time when the output of goods and services changes, and when the prices of these goods and services change.
		Since a change in GDP can be caused by a change in prices rather than a change in output, in order to measure economic growth we must adjust GDP for the effects of inflation.
		From 1950 to 1973, Real GDP in the U.S. grew at an average annual rate of 4.2 percent.
	www.swlearning.com /economics/econ_data/real_gdp/real_gdp_definition.html (379 words)

	Economics: The GDP
		The GDP is the flow, per year, through either of the money arrows in the circular flow diagram.
		The GDP is the flow of money to (or from) producers in the U.S. The GDP, by measuring the flow of money, indirectly measures the flow of real stuff.
		Nominal GDP is the GDP, the dollar value of all U.S. output in a given year.
	hadm.sph.sc.edu /Courses/Econ/Classes/GDP/GDP.html (1367 words)

	U.S. Real GDP vs. Nominal GDP (Site not responding. Last check: )
		A GDP that has been deflated or inflated to reflect changes in the price level is called adjusted GDP, or real GDP.
		A GDP price index is a measure of the price of a specified collection of goods and services, called a "market basket," in a given year as compared to the price of an identical (or highly similar) collection of goods and services in a reference year.
		A nominal GDP is deflated by a GDP price index to obtain a real GDP when prices rise and is inflated by a GDP price index to obtain a real GDP when prices fall.
	faculty.hacc.edu /jhuang/econdata/htm/rn_gdp/rn_gdp.htm (140 words)

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